California’s Regulations, Not Price Gouging, Cause High Gas Prices, USC Study Finds
2nd April 2025
Gov. Gavin Newsom stands behind his claim that “Big Oil” is responsible for California’s higher gas prices and vowed on April 1 to continue his fight against the industry. The pledge comes after new research put the blame on state regulations and policies for the high prices at the pump.
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A new study published March 16 by Michael Mische from the Marshall School of Business at the University of Southern California says the evidence contradicts Newsom. Mische’s research indicated California’s high gas prices were caused by the state’s regulations and policies.
“There is no economic data to support the allegation of price gouging,” Mische told The Epoch Times. “It just doesn’t exist.”